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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: bdog who wrote (22078)10/15/1998 2:30:00 AM
From: Doug R  Read Replies (2) of 79270
 
Butnowhatdog,

I sense a tendency toward externalization in your posts over the last few months. Please inquire from David J. as to my performance on the long side during the last 2 months of these truly trying times. I have communicated every trade I've made to him in real time and the technical rationale behind each trade to him in advance. It's the same stuff I teach at my seminars. I find it difficult to fathom that some past attendees continue using the same "gut feeling" trading techniques that held them back so much that they attended the seminar to learn but came away ignoring what I taught them.

JD Primo...have you been paying attention to those intraday DJIA IHS breakouts over the last 6 weeks???
Geez, this stuff is so easy, if you don't want to "get it", don't trade.

As far as scans go, they are the most difficult aspect to master. As should be obvious, the "nasty down day" scan and the "rabbit" scan I have tossed out are very effective. The comkey scan is a really serious can 'o' worms. I'm used to research and development of specific types of TA stuff that takes months, if not years, to nail down. Go back through the thread and find just one IL violator that didn't yield very significant results on the short side. The IL has never failed. The comkey is going to be on a par with the IL when I get through with it.
BTW...Tuesday's close yielded 0 (zero) hits on the current version of the comkey scan. I know you have the current scan parameters. I am not sure that your backtest code is consistent with the actual scan. I don't understand how during a nasty down period you registersed 447 hits in the last 30 trading days while a decent rally over the last 4 days only produced 7 hits.
The 3 stocks that I have selected to hold for the long term...I'm still holding.

The lab is still humming,
Doug R
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